Why AI Chip Stocks Broadcom, Marvell, and Arm Holdings Rallied Again Today [Yahoo! Finance]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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Source: Yahoo! Finance
Shares of artificial intelligence (AI) chipmakers like Broadcom (NASDAQ: AVGO) Marvell Technology (NASDAQ: MRVL) , and Arm Holdings (NASDAQ: ARM) rallied on Monday. At one point, they were up by 4%, 4.4%, and 5.4%, respectively. As of 1:26 p.m. ET, their gains had moderated to 1.2%, 1.7%, and 4.9%, respectively. AI-related chip stocks sold off a bit during the last couple of weeks of 2024, but they got a lift Friday on signs of strong AI chip demand. Then on Monday, another data point emerged that bodes favorably for the near-term outlook of the AI sector. Foxconn's blowout monthly revenue On Monday morning, Hon Hai Precision (OTC: HNHPF) , also known as Foxconn, released its latest monthly revenue figures. Of note, Foxconn is one of the world's largest electronics assemblers, as it assembles the iPhone. But it also has significant businesses in electric vehicles and, most importantly for this discussion, AI servers. Foxconn reported massive year-over-year growth of 42.3% in
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MRVL
News
- Marvell Stock Gains as Custom AI Chips Boost Performance [Yahoo! Finance]Yahoo! Finance
- Marvell Technology, Inc. (NASDAQ: MRVL) had its price target raised by analysts at Craig Hallum from $132.00 to $149.00. They now have a "buy" rating on the stock.MarketBeat
- Marvell Technology, Inc. (NASDAQ: MRVL) had its price target raised by analysts at Stifel Nicolaus from $125.00 to $130.00. They now have a "buy" rating on the stock.MarketBeat
- Marvell Announces Breakthrough Co-Packaged Optics Architecture for Custom AI Accelerators [Yahoo! Finance]Yahoo! Finance
- Marvell Announces Breakthrough Co-Packaged Optics Architecture for Custom AI AcceleratorsPR Newswire
MRVL
Earnings
- 12/3/24 - Beat
MRVL
Sec Filings
- 1/6/25 - Form 4
- 1/6/25 - Form 144
- 1/2/25 - Form 144
- MRVL's page on the SEC website